Inclusions / Exclusions of certain service-specific items

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....le or purchase of securities including the commission or brokerage paid by the stock-broker to any sub-broker; ♦ the adjustments made by the telegraph authority from any deposits made by the subscriber at the time of application for telephone connection or pager or facsimile or telegraph or telex or for leased circuit; ♦ the amount of premium charged by the insurer from the policy holder; ♦ the commission received by the air travel agent from the airline; ♦ the commission, fee or any other sum received by an actuary, or intermediary or insurance intermediary or insurance agent from the insurer; ♦ the reimbursement received by the authorised service station, from manufacturer for carrying out any servi....

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....local authority to a business entity where payment for such service is allowed to be deferred on payment of interest or any other consideration. ♦ the taxes levied by any Government on any passenger travelling by air, if shown separately on the ticket, or the invoice for such ticket, issued to the passenger; ♦ accidental damages due to unforeseen action not relatable to the provision of service; ♦ subsidies or grants disbursed by the Government, not in the nature of directly influencing the value of service. ************** Guidance Note 8 of the Education Guide [CBEC] - Valuation 8.6 Cases in which commission, costs etc. received by the service provider will be included or excluded. Rule 6 of the Valuation Rules ....